|5-23-17 - King Resources, Inc. Symbol: KRFG - Company update |
I wanted to take a minute to update everyone on the state of the company as well as give you some idea of where we are headed. Last week King Resources, Inc. became current with the State of Delaware by paying the old taxes due from 2011 to present, and we plan to have the company elevated to the Pink Current Tier very shortly. In the past few days we applied for an OTCIQ account to update our profile and numbers. Of course once that is approved we need to make the changes and we will work as fast as we can to do so. Once we have the OTC markets account set up properly, we will post our initial 2-year and Q1 disclosures and bring everyone up to speed on the exciting adventure we are about to embark on. We are hoping this does not take more than two weeks total, but of course you all know there are things here that are not under our control so I will be as transparent as I can and keep you all updated as much as possible. Additionally, I would like to address a few questions I have received and give you all a little bit of an idea of how we plan to manage the company as a public entity. First, we have several large block buy-back negotiations going on right now and it is our goal to bring the OS down to under 1 billion shares. No matter how successful that effort is, I can say we have no plans whatsoever for any kind of reverse split and we feel confident that we can tighten the share overhang and create a very attractive long term share structure here. Lastly, I know you are all anxious for management team bios. Iâ€™ll tell you that we are new to being public, but not to corporate operations. Current management has 30+ years in our field, so once the OTCMarkets account is set up and the disclosures are posted there will be full bios on the management team, and that team will grow very quickly. Once we announce the acquisition of our subsidiary company, it will become clear just how serious we are. We will try to keep you all updated as much as possible, and I am pushing very hard to get full disclosure to you all as quickly as possible. Please be patient if we do not answer your emails as quickly as you would like. We receive a lot of them and both Skylier and I are very consumed with the logistics of becoming a current trading entity while merging in a rapidly expanding business model. We are doing the best we can, and are not ignoring you on purpose.
Please watch our twitter for more info @krfgotc
Thank you for your continued patience support.
COO & Dir
King Resources, Inc.